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Corporate Watch: News Digest

Jan. 26, 2015 7:52 p.m. ET

BP

CEO Announces Pay Freeze for 2015

BP PLC Chief Executive Bob Dudley told staff in a Monday memo that the company would freeze 2015 base pay, part of a larger round of cost savings and cuts the company has undertaken as oil prices remain at less than half the level of mid-2014, a BP spokesman said.